USD/CAD had another one of its signal-free weeks while CAD/CHF caught a couple of long signals.
Here’s how the latest positions turned out.
In this revised version of the Short-Term Bollinger Reversion Strategy, I’m waiting for RSI to cross above or below oversold or overbought levels to indicate a bit more momentum in the direction of the trade.
Make sure you review the tweaks here.
USD/CAD had an impressive performance in the earlier update, but it was unable to follow through since it didn’t catch any new signals this time.
Meanwhile, CAD/CHF was trending lower for a bit, but it generated a couple of long signals on tests of the bottom Bollinger Band.
The next long play missed the first target by just a few pips on the initial bounce. Fortunately the selloff didn’t reach the full stop loss as well, so the pair was able to trim its losses when it climbed back to the middle band.
With that, CAD/CHF lost 36 pips or 0.72% on its latest positions.
This puts the Short-Term Bollinger Reversion Strategy back in the red, erasing part of last week’s gains.
Seen how the numbers turned out for the previous quarter and for the entire 2020 yet?